Bank Nationalization Quotes

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.

I think that I was the first MP to call for the nationalisation of Northern Rock, although that is hardly surprising because I have been calling for the nationalisation of the financial sector for 30 years or more.

It's the same story as when we nationalized the banks. I'm not for nationalization because of the rhetoric of nationalization, or because I see in nationalization the cure-all for every injustice. I'm for nationalization in cases where it's necessary.

Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector.

Nobody wants to have in their CV in the upper echelons of the American economic family that they nationalised major banks.

The Constituent Assembly ratifies the transfer of all banks to the ownership of the workers' and peasants' government as one of the conditions for the emancipation of the toiling masses from the yoke of capitalism.

I suggested a compromise to give the banks a year's time and see if they succeed in showing us that nationalization wasn't necessary. The year went by and we realized it hadn't done any good, that the money still ended up in the hands of the rich industrialists or friends of the bankers. So I concluded that it was necessary to nationalize the banks. And we did. Without considering it a socialist gesture or an antisocialist gesture, just a necessary one. Anyone who nationalizes only so as to be considered on the left to me is a fool.

Let's not forget, it was the government, Department of Finance and Central Bank that decided to unfairly land the taxpayers of this country with unmitigated losses of Anglo and massive legacy issues that would have been expected when nationalising a fraudulent bank.

With the bank crash of 1931, the [Third German] Reich attained a position from which it dominates more than three-fourths of all German banking, and owns about forty percent of their shares.... When this life-saving expedition was over, the Reich was the dictator of the whole German banking world.